BreadTalk posts 23.3% decline in 1H earnings to $3.8 mil

SINGAPORE (Aug 3): Bakery chain BreadTalk posted a 23.3% decline in 1H earnings to $3.8 mil from a year ago, on lower revenue from its bakery and Food Atrium businesses.

Total revenue fell 1% to $304.3 million from $307.3 million a year ago.

The weaker topline was the result of a 5% fall in revenue from its Food Atrium businesses to $80.2 million due to start-up expenses of new outlets, outlet closure write-offs, and higher operating expenses; as well as a 2% drop in revenue from the bakery division due to weaker franchise revenue from China.

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